PYMNTS

MAY 11, 2020

The Internal Revenue Service (IRS) says it’s making progress distributing stimulus checks, and there’s still time for recipients to get their checks direct deposited. We are working hard to continue delivering these payments to Americans who need them,” said IRS Commissioner Chuck Rettig in a statement. The payments, part of the $ 2.2

Direct Deposit

PYMNTS

APRIL 9, 2020

The first round of emergency assistance is expected to reach people who have previously provided direct deposit information to the Internal Revenue Service (IRS). For security reasons, the IRS will mail letters to recipients at their last known address within 15 days after the payment is made.

IRS

PYMNTS

APRIL 23, 2020

One 73-year-old Connecticut resident is wondering if she’s eligible for payment based on her 2018 or 2019 tax returns after being laid off from a nonprofit. Holtzblatt said the IRS “didn’t have much time” to ensure that everything worked correctly due to the immediacy of the myriad problems the virus caused.

IRS

PYMNTS

NOVEMBER 16, 2018

There’s just one, small, fizzly problem for the IRS. Hence the IRS and its five tons of cash to process. Or, if reports are correct, the IRS has actually outsourced that process to a Virginia company for $1.7 How exactly it helps the IRS count and manage all that cash is something of a mystery.

IRS

PYMNTS

DECEMBER 27, 2018

Simon Lyons, chief commercial officer at The Slide App, says there is also a Magnificent Seven that banks should call upon in 2019 to protect their customer base. In 2019 the ecosystem that has been prevalent in other industries will become available to the mainstream banking audience. Tax return late? Try your card.

Small Business

PYMNTS

JANUARY 27, 2020

Another glitch in 2019 delayed funds to as many as 10,000 U.S. The Internal Revenue Service (IRS) has been blazing a digital trail for years and processed 29 million returns via direct deposit between February 2018-2019. veterans temporarily without pension and disability payments.

Faster Payments

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019.

Instant Payments

Fintech Labs Insights

SEPTEMBER 1, 2020

Target customer: Primarily focused on enterprise HQ: Newark, Delaware Launched: 2019 Raised: No announced funding Founders: Jeremy Sutton , Yann Barbarroux. Pre-seed Startups. Product: Helps travelers get reimbursed for travel cancellations and delays. Synkbooks (aka Tax Labs Inc.). Seed-Stage Startup.

Due Diligence

PYMNTS

APRIL 16, 2020

From error messages on the Get My Payment tool to misrouted funds and checks sent to dead people, the IRS is having a tough time getting coronavirus stimulus money into the hands of those who need it most. . The IRS can’t seem to figure out how to send money to the same account they took it out of,” one user tweeted. “I

IRS

PYMNTS

MAY 7, 2020

Any $1,200 COVID-19 stimulus checks sent to dead people by the Internal Revenue Service (IRS) must be returned, the agency says. However, the erroneous payments to dead people may have come about because the IRS largely sent out payments based on people’s tax returns for 2018 and 2019.

IRS

PYMNTS

JUNE 29, 2020

Mobile deposits, meanwhile, were up over 80 percent in April 2020 compared to April 2019.”. The Internal Revenue Service (IRS) noted that these payments would arrive much faster if recipients arranged for direct deposit rather than receiving a check in the mail, driving many Americans to open online accounts specifically for this purpose.

Online and Mobile Banking

PYMNTS

APRIL 29, 2020

Treasury Secretary Steve Mnuchin says $1,200 stimulus checks from the government were sent in error , and relatives and family members should return the money. It’s unclear exactly how many of those checks were sent, and the IRS could take any number of actions to try and get back any payments it believed were made in error.

Checks

PYMNTS

MARCH 26, 2020

reels from the coronavirus pandemic and people await relief checks from the government, former IRS officials say it could be months before anyone gets that much-needed money, Reuters reported on Thursday (March 26). Olson, who served as the IRS’s national taxpayer advocate from 2001 to 2019. Some 73,550 people work for the IRS.

IRS

PYMNTS

APRIL 15, 2020

The Internal Revenue Service (IRS) launched a “ Get My Payment ” tool Wednesday (April 15) to track payments of the coronavirus relief money included in a federal economic stimulus bill. The IRS is committed to helping you get your Economic Impact Payment as soon as possible,” the agency said in a statement. “The There are limits.

IRS